USA, Nevada:

Mustang Geothermal Corp. Details Changes to Its Board of Directors (News Release - Marketwatch)

Mustang Geothermal Corp. announced today that effective February 24, 2012, Brian Cole and Kevin Pikero resigned from the Company's board of directors. Mr. Pikero also resigned his post as Chief Financial Officer and Principal Accounting Officer. Mr. Richard Bachman, Director, President and Chief Executive Officer will assume responsibilities as the Company's Chief Financial Officer and Principal Accounting Officer. The Company wishes to thank Mr. Cole and Mr. Pikero for their service.

Effective February 24, 2012, Mr. Gerald Aberle and Mr. Gerry Berg were appointed as directors.

Mr. Aberle graduated in 1980 from South Dakota School of Mines and Technology with a Bachelor of Science degree in mining engineering. He has over 30 years of experience in the minerals industry, including 22 years with Homestake Mining Company at the Homestake gold mine in Lead, S.D. Mr. Aberle's mining background includes extensive engineering, operations management and project management experience. Over the past 11 years, Mr. Aberle has consulted in the mining, underground construction and minerals exploration business for clients including Homestake Mining Co., Barrick Gold Corp., the State of South Dakota and the University of Washington in connection with the planning and development of the National Science Foundation's national deep underground science and engineering laboratory. Over the past 4 years, Mr. Aberle has held numerous corporate management positions in the junior exploration business. Mr. Aberle also has more than 15 years of private business experience in the United States, primarily in the land development and construction industries.

Mr. Berg has over 30 years of senior management experience working with private and public companies. His overall emphasis has been on Finance and Operations. Mr. Berg served a number of public companies as their President, Chief Financial Officer, Board Member or as a financial consultant.

Mr. Berg holds a Bachelors of Arts in Accounting from Walsh College where he graduated Cum Laude. Mr. Berg became a Certified Public Accountant (CPA) in the State of Michigan in 1979 and in the State of California in 1984. Mr. Berg does not currently practice as a CPA.The Company reported these events on Form 8-K filings with the SEC, which may be accessed at: http://www.sec.gov .